A partnership firm is a form of business entity where two or more partners come together to do business through mutually agreed upon terms. The agreements of these terms are specified in the partnership deed. Only after the partnership deed is accepted by the partnership registry, the partnership firm registration is complete.

Following are the features that you have to look forward to if you are applying for online registration of a partnership firm in India:

1. There is a minimum of two partners
2. The partners may or may not share the responsibilities of the business.
3. Through the partnership, you can bring more capital into the business.
4. Risk is shared in a partnership form
5. Annual returns are not necessary to submit
6. All the tasks that this business venture performs, all the profits that are shared among the partners and all the responsibilities of those partners have to be per the partnership deed registration.